sold

Description

This double fronted property is arranged on ground and two upper floors to provide a large ground floor shop unit with three self-contained flats on the upper floors, two of which have been sold on long leases

Gallery

Accomodation

The following breakdown indicates the area’s and dimensions of the unit:
PROPERTY ACCOMODATION LESEE & TRADE TERM ANNUAL RENTAL REMARKS
Ground floor shop Total area approx. 1,600 sqft incl. 2 WCs Instant Cash Loans Ltd (Having over 400 branches) (T/O for Y/E 30/6/11 £128.6m, Pre-Tax Profit £32.9m and Net Worth £67.8m) 10 years from 21st July 2011 £39,250 FRI rent review 2016
Part first floor Bedroom, Open plan Living/ Kitchen, Bathroom/WC Individual 6 months from 1st November 2011 £8,340 AST holding over
Part first and second floors 2-flats not inspected Individuals Each 99 years from 29th September 1989 £150 FRI valuable reversion in approx. 76 years
Total £47,740

Key Features

  • Approx. 1600 sqft total retail area
  • Commercial retail unit with uppers
  • Roller shutter door
  • Total Rental on £47740 per annum
  • VAT is payable

Location

Occupying a prominent trading position in this pedestrianised High Street close to the junction with Buxton Road, opposite a Greggs and amongst a host of multiples including Argos, Paddy Power, Superdrug, Farmfoods, Lidl and only yards from Walthamstow Market, the longest daily outdoor market in Europe. Walthamstow lies on the A112 some 6 miles north-east of Central London with easy road access via the A406 (North Circular Road).

Business Rates

Rateable valuse £37,000
Rates payable £17,020
Interested parties are advised to confirm the rating liability with the Local Authority on 020 8496 3000